Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: somatics1 who wrote (28297)	3/21/2002 8:21:51 PM
From: Harold	Read Replies (1) \| Respond to of 29382

Jorge, am I a chicken by having my for sale sign at 6.83? I would not make a penny but would get my money back to go into something hopefully profitable in short term trading. With my luck GTW would take off and I be loosing my a$$ in the new stock in which I had hope for some coins. Harold

To: somatics1 who wrote (28297)	3/21/2002 8:32:53 PM
From: Harold	Respond to of 29382

How do you understand the following on MTNT? Motient Improves Financial Performance Operating Loss Reduced 50 percent; Restructuring on Track RESTON, Va., March 21 /PRNewswire-FirstCall/ -- Motient Corporation (OTC Bulletin Board: MTNTQ - news) today announced financial results for the fourth quarter and year-end 2001. Motient made significant progress toward its goal of operating profitability by reducing EBITDA loss from ($21.7) million in the fourth quarter of 2000 to ($10.7) million in the fourth quarter of 2001. During the fourth quarter of 2001, Motient recognized the financial benefit of the operating expense restructuring actions announced in September 2001. And, as previously announced, Motient's balance sheet restructuring remains on track, with the confirmation hearing on its plan of reorganization scheduled for April 25, 2002. The company expects to emerge from its Chapter 11 reorganization during the Spring of 2002 with a strengthened balance sheet following the conversion of $335 million of high yield debt into new equity of Motient. The elimination of $40 million of annual interest payments and the growth in Motient's customer base should move the company closer to its goal of operating profitability before the end of 2002. And with the completion of the Mobile Satellite Ventures transaction in November 2001, the company gained the liquidity necessary to fund operations at least into 2003